Answer:
- the US has a trade surplus with Ghana
- the US has a greater purchasing power parity (PPP) than Ghana
Explanation:
The US and Ghana have very good relations in multiple sectors, and one of those sectors is the economy. The two countries have been having a constant increase in trade between each other, and the trend keeps on going, with each year bringing in more and more trade between the two. The US has a trade surplus with Ghana, as it exports more to it than it imports, though it is not some very dramatic difference. The main reason why the US has a trade surplus is that it has much more to offer to Ghana, than what Ghana has to offer to the US. Also, the US enjoys a greater PPP, having a much stronger currency, economy, and thus purchasing power, so it can acquire anything that Ghana has to offer to do if needed.
answer :
the money supply will decrease, meaning that banks will give fewer loans and prices for good and services will fall.
hope this helps !!
